______________________________________________________
Entry Submitted by David Harkness at 5:19 AM EST on December 12, 2021
“Dinar/Dong Value?” by Chow – 12.11.21
Dear Fellow Chow,
I can fully understand your confusion with the reporting of the pricing .
So I would like to explain to you and many others the actual facts .
Firstly I draw your attention to the following link.
http://www.floatrates.com/currency-usd.html
I draw you attention to the Kuwait Dinar in particular that has been revalued by the UN and relative Central Banks .
Advertisement
______________________________________________________
It states I USD equates to Kuwait Dinar 0.303c or I Kuwait Diner is 3.298
So if you divide 1 USD into 3.298 = 0.303 USD
So when they quote Dong at street rate 2.30 no $sign its 0.4694c USD .
What is confusing is the $ sign .
When they say Iraq Dinar is 4.18 this 0.263 USD .
These are public rates expected to be declared 13 December 2021 pm time USA .
I have been informed public rate for 1 Dong is close to 0.43c USD and Dinar 0.20c USD before commissions of about 6% to 7% charged by FX Dealers and banks involved ..
Advertisement
______________________________________________________
As for the contract rates for Dong they are 0.47c USD for 1 Dong and 20% paid in cash and balance 80% to humanitarian purposes approved that is tax free.
Public capital gains are taxable in the seller hands .
Kind regards,
David Harkness
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
